A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts

This paper is aimed at investigating and increasing awareness about various concepts related to Electronic Payment Systems (EPS) including its advantages, challenges and security considerations. The proposed study also evaluates the adoption of e-payment systems and the resulting impact on economy o...

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Main Authors:	Masihuddin, Muddassir, Khan, Burhan Ul Islam, Mattoo, M. Mueen Ul Islam, Olanrewaju, Rashidah Funke
Format:	Article
Language:	English
Published:	Indian Society for Education and Environment & Informatics Publishing Limited 2017
Subjects:	HG Finance HG1501 Banking HG4301 Trust services T Technology (General)
Online Access:	http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/1/A%20Survey%20on%20E-Payment%20Systems%20Elements%20Adoption.pdf

id	iium-56117
recordtype	eprints
spelling	iium-561172017-07-31T02:06:06Z http://irep.iium.edu.my/56117/ A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke HG Finance HG1501 Banking HG4301 Trust services T Technology (General) This paper is aimed at investigating and increasing awareness about various concepts related to Electronic Payment Systems (EPS) including its advantages, challenges and security considerations. The proposed study also evaluates the adoption of e-payment systems and the resulting impact on economy of a nation. Methods/Statistical Analysis: In this paper, a comprehensive survey on all the aspects of electronic payment was conducted after analysis of several research studies on online payment systems. The most recent references and information have been explored in order to gain significant information about electronic payments systems. Findings: From the study conducted, it can be elucidated that despite various issues that usage of electronic payment systems pose, these are identified as a positive step towards the economic development of a nation. Nevertheless, its full potential can be realized only by raising its awareness among people. Applications/Improvements: With the advancement in technology and popularity of Internet, the perception of making online transactions is bound to gain momentum. In the future, the payment modes currently Indian Society for Education and Environment & Informatics Publishing Limited 2017-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/56117/1/A%20Survey%20on%20E-Payment%20Systems%20Elements%20Adoption.pdf Masihuddin, Muddassir and Khan, Burhan Ul Islam and Mattoo, M. Mueen Ul Islam and Olanrewaju, Rashidah Funke (2017) A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts. Indian Journal of Science and Technology, 10 (20). pp. 1-19. ISSN 0974-6846 E-ISSN 0974-5645 http://indjst.org/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG1501 Banking HG4301 Trust services T Technology (General)
spellingShingle	HG Finance HG1501 Banking HG4301 Trust services T Technology (General) Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
description	This paper is aimed at investigating and increasing awareness about various concepts related to Electronic Payment Systems (EPS) including its advantages, challenges and security considerations. The proposed study also evaluates the adoption of e-payment systems and the resulting impact on economy of a nation. Methods/Statistical Analysis: In this paper, a comprehensive survey on all the aspects of electronic payment was conducted after analysis of several research studies on online payment systems. The most recent references and information have been explored in order to gain significant information about electronic payments systems. Findings: From the study conducted, it can be elucidated that despite various issues that usage of electronic payment systems pose, these are identified as a positive step towards the economic development of a nation. Nevertheless, its full potential can be realized only by raising its awareness among people. Applications/Improvements: With the advancement in technology and popularity of Internet, the perception of making online transactions is bound to gain momentum. In the future, the payment modes currently
format	Article
author	Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke
author_facet	Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke
author_sort	Masihuddin, Muddassir
title	A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
title_short	A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
title_full	A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
title_fullStr	A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
title_full_unstemmed	A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
title_sort	survey on e-payment systems: elements, adoption, architecture, challenges and security concepts
publisher	Indian Society for Education and Environment & Informatics Publishing Limited
publishDate	2017
url	http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/1/A%20Survey%20on%20E-Payment%20Systems%20Elements%20Adoption.pdf
first_indexed	2023-09-18T21:19:11Z
last_indexed	2023-09-18T21:19:11Z
_version_	1777411766601383936

A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts

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